Instructional Video

Khan Academy: Standard of Deferred Payment and Legal Tender

Curated by ACT

A fourth function of money is that anytime you take on a debt, when the time comes to repay it, you can use money. This is highly related to the idea of 'legal tender', which you can also learn about in this video.

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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional